No Way to Explore Cryptocurrency and Digital Assets without Risk until Now

Winklevoss Twins, famed Bitcoin,
and cryptocurrency advocates have now stated, “Unlike the internet, which
you couldn’t buy a piece of, you can buy a piece of this new internet of money.”

According to the twins, the
cryptocurrency market continues to be retail-driven. A lot of them have been
doing well, and while all this is happening according to them, Wall Street has
been asleep at the wheel.

The Epic bull run of 2017 was
because it was widely thought that Wall Street and institutional money would
flow into the asset type. However, this investment failed to materialize. In the past year, the price of the Bitcoin
went down to $3,000.

The twins stated, “We had to
invest because we were afraid of missing out, we couldn’t miss out on this
future.”

The twins further opine that the
consortium of 28 members for Libra will swell to 100 before the launch of Libra
next year.

Marcus Swanepoel, CEO of
cryptocurrency exchange Luno stated, “Roughly about 90% I would put into the
category of investments slash speculations, so it could be people who have a
long term view on it, people who like to trade it and about 10% would be
transactions.” He further opined that when it comes to managing investment
portfolios, it makes very little sense about putting just a little money into
cryptocurrency.” He reasoned his
opinion stating that while the risks are high, the potential returns are
astronomical.

Bitcoin is frequently mentioned
alongside the haven asset gold, and therefore increasing numbers of investors
are beginning to consider it as a hedge.
The signs of monetary easing are not showing any signs of stopping.

Anthony Pompliano earlier this
month stated, “We are now at a point where I would argue that it is
irresponsible for an investor to have 0% exposure to Bitcoin in their
portfolio.”

The price of the Bitcoin has
climbed some 200% since January, and this is because of giant technology
companies making it to the cryptocurrency space with winning use cases. The price of the Bitcoin now is now ranging
near $10,000 because several investors fear that global regulators would gang
upon Facebook’s plan.

Alex Safonov, co-founder and CEO
of Button, stated, “Cryptos’ biggest obstacle is mass adoption and what
we’ve created will help people comfortable with trading cryptocurrency without
using real money.” He further added, “With all the fanfare surrounding
Facebook’s Libra digital currency, there hasn’t been a way to explore digital
assets without risk, until now.”

About The Author

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.